Used as a key intermediate in organic synthesis, particularly in pharmaceutical manufacturing. It serves in the development of active pharmaceutical ingredients where the methoxyethyl group enhances solubility and bioavailability. Commonly employed in the preparation of nootropic compounds and cognitive enhancers due to its ability to cross the blood-brain barrier effectively. Also utilized in the synthesis of specialty polymers and agrochemicals, where it acts as a building block for introducing amine functionalities. Its hydroiodide salt form improves stability and handling in solid-state reactions.